Bitcoin hits new all-time high above $63,000 ahead of Coinbase debut

Technically this is trying to relate to Coinbase’s IPO which is insanely valued. Of course there will be a fall later on too though.

can't agree more, just can't understand why bitcoin could be so expensive

When a producer's margins increases, it doesn't mandate that their costs / waste increases. When margins increase, it allows, but doesn't mandate, production to be expanded -- either by new entrants or existing producers. In Bitcoin's case, the market demands anti-fraud commitments (in the form of unforgable SHA hashes) to secure the network. The increase in margins available to bitcoin block producers means that they could increase hash production. This means bitcoin's money database that doesn't use war or violence to protect it, is even more secure against those who would interfere with it -- say eco-fascists who think politicized violence against block producers achieves some greater good.

Producers may source their input goods (equipment, energy) from any source they wish ("we only sell goods made with clean energy or From Our Area"). A kWh sourced from a hydroelectric plant has the same ecological cost be it consumed by a bitcoin block producer or if that kWh is used to charge a van that's used to drive people around a town all day to pick up paper with the faces of dead people on it so it can be counted and update a centralized database.

Luckily a freed market exists where we can price if the money maintained by freed people performs better than the Banking<->Authoritarian Oligopolies.

If you care about climate change, realize the infinite and perpetual money printing is destroying the earth by mandating perpetual "growth", and fiat money and their investment derivatives fuel that ecological destruction.